- HBAR trades at $0.15528, consolidating just below its 20-period SMA after a prolonged downtrend.
- Price is range-bound between $0.14929 and $0.16161, with narrowing Bollinger Bands hinting at a breakout.
- RSI at 54.20 and a bullish MACD crossover suggest early upward momentum.
- Climbing volume and open interest indicate growing participation and possible accumulation.
Hedera (HBAR) is priced at $0.15528 after recording a slight increase of 0.78% over the last 24 hours. The market is currently undergoing some consolidation after a prolonged bear run, and HBAR is stable not far off its 20-period simple moving average (SMA) on the 4-hour chart.
This flat, channel-based movement of prices, fluctuating around $0.14929 and $0.16161, based on Bollinger Bands, is a sign of indecision on the part of the market and can cause a significant breakout.
Technical indicators provide a cautiously optimistic outlook. RSI stands at 54.20 well within the neutral zone but marginally on the positive sentiment’s side. It had recently touched a high of 56.69 and is yet to show strength to indicate an overbought market.
The MACD (12, 26, 9) indicator reinforces this view, with the MACD line at 0.00149 crossing above the signal line at 0.00113, forming a bullish crossover. The histogram remains positive at +0.00037, indicating the early stages of potential upward momentum.
Also Read: HBAR Drops 11%, But Analysts Predict Major Rebound. Here’s Why
HBAR Shows Signs of Recovery in Derivatives Market
In derivatives, sentiment is neutral overall. Funding of OI-weighted flows has ranged between -0.04% and 0.24% and recent data has stayed around or slightly above zero. Such a level is a sign of no extreme bias either way by traders and tends to establish a healthy foundation for sustainable movement on the prices.
Intermittent bursts of bullish funding indicate short-term bullish sentiment, but no extreme values imply not too much market leverage and a healthy status for volatility rise.
In a longer-term perspective, HBAR’s long-term market setup is a reversal of downturn. Peaking in 2023 and coming down strongly thereafter, the price seemingly stabilized on a base. Historical data shows a sharp decline followed by a flat phase and, recently, a spurt upwards both in volumes of trade and open interest.
Volumes spiked to a high of 88.83 million units, and open interest spiked to 12,364 contracts, indicating fresh activity by traders. Although much lower than the all-time historical peak of 470 million contracts in open interest, the bullish rising tendency also indicates continuous accumulation.
HBAR Holds Support, Awaits Confirmation
In general, HBAR is in a state of subdued anticipation. So long as the price is beneath key resistance at $0.16161, tightening of the Bollinger Bands, bullish crossover of the MACD and neutral-to-positive funding rates point to a market looking to make a directional move.
If bulls are capable of propelling it past the $0.161 level, HBAR could target $0.175–$0.180. Breaking of the $0.14929 support would trigger fresh selling or further range-bound action around $0.140–$0.145.
However, on existing indications, HBAR is transitioning from a bearish to an accumulation and reversal cycle. Technical and on-chain signals are slowly converging but are not yet certain. Traders are recommended to monitor volumes, RSI strength and resistance regions closely in the coming few days to better gauge the bigger picture.
Also Read: From Sideways to Soaring? HBAR Prepares for $0.1616 Break as OI Climbs
